World Nitrogen Trifluoride Market to Reach 19.5 Thousand Metric Tons by 2012, According to New Report by Global Industry Analysts

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Driven by growing demand in LCD, and solar energy applications, world nitrogen trifluoride market is projected to reach 19.5 thousand metric tons by the year 2012. Growth in Asia-Pacific, the largest market for nitrogen trifluoride worldwide, stems from Japan, South Korea, and Taiwan. In the medium to long term, China is expected to emerge as the growth engine of the region.

Nitrogen Trifluoride (NF3): A Global Strategic Business Report

Asia-Pacific dominates the world nitrogen trifluoride market, with a 67.5% share estimated in the year 2008 due to the concentration of semiconductor industry, the major end-use market for NF3. The region is also expected to post the highest growth with a projected CAGR in nearly 20% over the period of 2011 through 2015. Consumption of nitrogen trifluoride in the European market is expected to rise by over 353 metric tons between the period 2008 to 2012, as stated by the recent report published by Global Industry Analysts, Inc. For the same period, consumption of nitrogen trifluoride in United States is expected to rise by approximately 710 metric tons.

Nitrogen trifluoride (NF3) is primarily used in semiconductor and flat panel display industries as a chamber cleaning gas. Semiconductors end-use market represents the largest and the most mature application area for nitrogen trifluoride, accounting for over 45% share estimated in 2008. Demand for nitrogen trifluoride from the LCDs end-use market, is forecast to display robust growth at a projected CAGR of 13.8% over the period 2011-2015 and surpass semiconductor industry demand by 2012.

In response to the rapid growth in the NF3 market, industry participants are expanding their production capacities and are broadening their product mix. Leading global and regional players operating in the industry include Air Products and Chemicals Inc, American Gas Group, Central Glass Co Ltd, Kanto Denka Kogyo, Mitsui Chemicals Inc, Anderson Development Company, Sodiff Advanced Materials Co Ltd and Ulsan Chemical Company Limited.

The report titled "Nitrogen Trifluoride (NF3): A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key end-use markets. Latent demand patterns in Semiconductors, and LCDs end-use markets are quantified across major geographic market verticals including the United States, Canada, Japan, Europe, and Asia Pacific. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.

For more details about this research report, please visit http://www.strategyr.com/Nitrogen_Trifluoride_NF3_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.strategyr.com/

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